Chandigarh first to set up RERA

CHANDIGARH: The city has become one of the first in the country to set up a temporary Real Estate Regulatory and Development Authority (RERA) to address hardships home buyers face due to delay in possession of flats and plots.

It handed over charge to 1989-batch IAS officer and Chandigarh Housing Board (CHB) chairman Maninder Singh Bains.

The development comes as the central government is set to notify the RERA Act, asking all Union territories to implement the act in the first phase.

“We have formed temporary RERA in the city. UT housing secretary Maninder Singh Bains will head it as the chairman. He will listen to grievances and complaints of plot owners till the formation of a permanent authority that we will be set up by the stipulated period in April 2017,” said UT adviser Parimal Rai.

Sources said since its formation needs the intervention of the centre, the UT administration has prepared a full-fledged case to be sent to the government in a day or two. Besides private builders and real estate agents, government agencies will also come under the new act.

“In the current scenario, government agencies dealing in construction of houses are also under the act. However, deliberations are being held whether government agencies like CHB and others need to be part of it or not as they are more trustworthy as compared to private builders,” said Bains.

Credits ET Realty

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